13 Summer Street, Biddeford, Maine, Multi-Family
Multi-Family
for Sale
| Catylist Listing ID: |
30798365 |
| Property Subtypes: |
Mid-Rise
|
| Number of Units: |
7 Units |
| Building Size (RSF): |
7,020 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.18 Acres
|
| Sale Price: |
$945,000 |
| Unit Price: |
$135,000 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/19/2022 |
Overview / Comments
|
Large in town 7 Unit building consisting of 3-three bedroom units, two with double living rooms. 2-two bedroom units & 2-one bedroom units. This building is in very good condition mechanically with updated windows, two newer furnaces & a new rubber roof on the front building in 2021. Mostly all hardwood flooring throughout all of the units.Adequate on site parking for 10-11 cars. Terrific in town location within walking distance to all down town amenities, bus line & Amtrak. Currently the rents are below market rates. Plenty of room for raising the income. Six tenants are tenants at will. One tenant has a lease(Unit 103. $1,173.00 monthly, one bedroom). These larger buildings don't come by often. Don't let this one pass you by! Group showings will be on Monday the 18th from 1:00-4:00. Advanced notice required.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
York |
| Tax ID/APN: |
13SummerBiddeford04005 |
| Zoning: |
MSRD2 |
| Percent Occupied: |
100% |
| Area Description: |
From Alex Pizza, turn on to Summer St. 2nd building on left. Sign out front. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Year Built: |
1920 |
| Roof Type: |
Flat |
| Construction/Siding: |
Aluminum Siding, Stucco |
| Parking Type: |
Structure |
| Total Parking Spaces: |
10 |
| Heat Type: |
Propane, Oil |
| Heat Source: |
Baseboard, Other |
| Fuel: |
Oil, Propane |
| Zoning Description: |
MSRD2 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
15,671 |
34,380 |
51,243 |
| Median Age: |
37.26 |
41.32 |
41.35 |
| Households: |
7,113 |
14,991 |
21,778 |
|
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